Cagayan Tribe Expands
Online Gambling IT Operations

The Cagayan tribe
(Philippines) is reportedly in the process of
consolidating a second hosting data center with the
specific aim of providing online gambling hosting
services for foreign internet betting operations. As
recently reported in the Manila Inquirer, the First
Cagayan Leisure and Resort Corp. has teamed up with IPVG
Corporation's subsidiary, IP Converge, to concentrate
all of their hosting and IT services in a new facility
located at the Cagayan Special Economic Zone (CSEZ) IT
park.

The only economic
zone permitted to license online casinos and other
internet gaming operations, the CSEZ has become a hub
for the First Cagayan Leisure and Resort Corp. (FCLRC).
Having already secured hosting for eighteen different
companies at their main IP Converge facility at the RCBC
Tower in Makati City, FCLRC is now seeking to
consolidate IT operations with eight more foreign online
betting companies already based out of Cagayan.

According to the
Vice President of FCLRC, Rene Nunez, the total
investment in the new facility is between $3 million and
$5 million, which will no doubt be paid off in a short
period of time if more online casino operations choose
to host their servers in Cagayan. And with further
expansion of the Asian facing online gambling market,
things are looking good for the Philippine-based
internet service.

Even with laws
prohibiting FCLRC from taking bets from gamblers in the
U.S. or Philippines, the new data center is expected to
flourish. The Asian Pacific online gambling industry is
expected to reach revenues of $10 billion. Besides,
FCLRC and IP Converge are not in the business of taking
bets like online casinos. They merely host the
traffic...lots of traffic.